Crypto

I stumbled across a tweet about Nomad, a cross-chain bridge, that had just had almost $200 million of crypto assets hacked: The cross-chain token bridge Nomad was exploited, with attackers draining the protocol of virtually all of its funds. The total value of cryptocurrency lost to the attack totalled near $200 million. Nomad, like other…

I blogged yesterday about the huge difficulty of proving I owned something, its history and provenance. This is actually something TV shows are made about and there is one on the BBC called Fake or Fortune, where our hosts and experts travel the world trying to prove if a rare item is real or fake….

After all the turbulence of the crypto winter, things seem to have bottomed out and a mini-rally is underway. Keep that in mind as you can see from the comments and stats that a lot of people think that crypto is here to stay, regardless of the recent dip. Buy the dip? Maybe or maybe…

I did a presentation in Helsinki the other day about the importance of owning my data. It made me realise as I prepared for this presentation that we have three data systems, and financial systems, developing. The first is centralised; the second is distributed; and the third is decentralised. The second and third are similar…

The belief in crypto has fallen through the floor in second quarter 2022, mainly due to factors from stablecoins that became unstable to exchanges that locked customers in (Celsius, Binance). So, I found it interesting when one cryptopunk asked the question on twitter: what do you believe in? I thought I’d pick out a few…

Some years ago, as an April Fool, a firm offered a free download of a game as long as, in the terms and conditions, you agreed that they could now own your soul. It was silly, but most people agreed to the download with that condition, because they don’t read the terms and conditions. Luckily…

As a guy who has invested a little in cryptocurrencies, I sat back a year ago in a warm glow. The investment had risen phantasmagorically, and was now worth a good pension. Today? It’s worth almost nothing. Source: Daily Mail What’s gone wrong? Well, it started with Terra, and it’s led to Terror. The wobbles…

The year is 2030. I own something, have privacy on demand, and life has been better and worse. Back in 2016, Ida Auken (Member of Parliament, Parliament of Denmark) had an article published on Forbes: “Welcome To 2030: I Own Nothing, Have No Privacy And Life Has Never Been Better”. It gained traction, as it…

I’ve been looking at buying a small property using my crypto savings. Practically, this creates an interesting dilemma as the seller wants the money in his bank account, whereas I’m trying to persuade him to sell with a payment to a crypto wallet. He doesn’t trust crypto wallets, and has never used them. So, what’s…

During May, the floor fell out of the cryptocurrency markets with many losing their life savings. You can question why they had their life savings invested in cryptocurrencies in the first place, but what made the price fall so far, so fast? The answer is a combination of things, the core of which is a…